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1. What other examples of cost drivers can you think of?
2. It would seem to me that payroll would be considered as variable when it is subject to change. One example that comes to mind is seasonal hires. Local retailers often beef up their workforce during the holidays. To me this would be an example of when payroll might be considered to be a variable expense. Another example that comes to mind would be pay based on performance. I once had a job where I was paid piece rate. The faster I worked the more money I made. I'm not sure if this would be a variable cost, but it makes sense to me that it would. My pay was dependent upon my productivity. Does anyone have any thoughts on this?
3. 'Budgeting is an unnecessary burden on many mangers. It takes time away from important day-to-day problems'. Do you agree? Explain.
4. 'We want a flexible budget because costs are difficult to predict. We need the flexibility to change budgeted costs as input prices change.' Does a flexible budget serve this purpose? Explain.
Compute the firm's current contribution margin ratio and break-even in revenues. Recalculate contribution margin ratio and breakeven in sales if new machine is leased. What is the firm's operating income supposing that the new machine is leased?
Why do you think companies make mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money?
Assume that Dr. Behr has definitely decided to take every other Saturday off. She loves to repair her sports car by doing the work herself. If she works on her car during half a Saturday when she otherwise would nott see patients, what is her oppo..
The Dallas plant of Oscar Chemical processes talphazine into zetazine and gammazine. A batch comprises of 20,000 gallons of talphazine, costing $11,000.
What are some of the potential problems which might be encountered in changing from a budget to a cost estimation movie making system?
Describe how a job analysis increases productivity, aids in job description creation, and guides employee team formation.
Can you give an example of cost-volume-profit analysis using this techniques in your organization or in your past experience?
Suppose only the specified paramenters change in cost-volume-profit analysis. If the contribution margin increases by $2 per unit then operating profits will ____.
What is the profitability of Unfocused Books' three departments and what recommendations would you make to the owners?
What is the effect of target costing and value engineering on the use of variances?
Your CFO, in her initial work, needs to decide whether to set up a job order costing system or a process type costing system. She has asked you to make a recommendation based on the following information.
Hannon Company has 1,600 pounds of raw materials in its December 31, 2011, ending inventory. Needed production for January and February of 2012 are 4,000 and 5,500 units, respectively.
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